Prepare the Ingredients: Chop all vegetables and cube the beef.

Brown the Meat: Heat olive oil in a large pot over medium-high heat. Brown beef cubes on all sides (about 5 minutes). Remove and set aside.

Sauté Vegetables: In the same pot, add onions and garlic; sauté until translucent (3-4 minutes). Add carrots and potatoes; stir for another minute.

Add Liquid: Return the browned beef to the pot. Pour in beef broth and stir in tomato paste, thyme, and bay leaves. Bring to a gentle boil.

Simmer: Reduce heat to low, cover tightly, and simmer for about two hours until meat is fork-tender. Stir occasionally.

Serve: Taste and adjust seasoning if necessary. Ladle into bowls and garnish with fresh herbs if desired.